RMJ Financial Services Rep Agreement

RMJ Advisory & Insurance Representative Agreement

This Independent Contractor Agreement (“Agreement”) is entered into by and between RMJ Insurance LLC and RMJ Advisory LLC, collectively referred to as "RMJ Companies", and , the undersigned independent contractor (“Contractor”), effective as of the date of the last signature below.

1. Engagement and Services

Contractor agrees to offer and provide financial services, including but not limited to life insurance, investment advisory, and retirement planning solutions through the RMJ Companies, subject to all applicable licensing, compliance, and fiduciary guidelines.

2. Independent Contractor Relationship

Contractor is an independent contractor and not an employee. Nothing in this Agreement creates an employer-employee relationship, partnership, or joint venture. Contractor is solely responsible for taxes, licensing, E&O insurance, office expenses, and business costs.

3. Ownership of Clients and Downline Agents – Mutual Business Protections

Contractor retains full ownership of any clients or downline agents personally recruited, originated, or contracted directly by them, unless otherwise agreed in writing.
RMJ Companies shall retain ownership of any clients, agents, or referral partners that:
- Were assigned to the Contractor by RMJ Companies
- Originated from other agents, advisors, or referral partners of RMJ Companies
Contractor shall receive a 25% override on business written by downline agents they originally recruited or managed, for a period of five (5) years after departure, provided no breach of this Agreement occurs. If a breach is confirmed, all residual and override rights are forfeited immediately.

4. Non-Solicitation, Non-Affiliation & Enforcement

4.1 Non-Solicitation

For 36 months following termination of this Agreement, Contractor shall not directly or indirectly solicit, recruit, contract with, or accept business from:

Any client, referral partner, or agent not originally recruited, referred, or personally contracted by Contractor;
Any individual or entity that was part of another RMJ Contractor’s client list or downline;
Any business relationships developed or assigned through RMJ Companies’ internal marketing, CRM systems, training, onboarding support, or company-sponsored events.

4.2 Non-Affiliation

Contractor agrees not to affiliate, partner, or engage in any capacity with any client, agent, or referral partner of RMJ Companies not originally theirs for a period of 36 months post-termination. This restriction applies only to clients, agents, and referral partners who had an active relationship with RMJ Companies during the contractor’s tenure or were within the RMJ CRM, marketing systems, or downlines.

4.3 Penalties and Liquidated Damages

Per Client Violated: Greater of $10,000 per client or 100% of commissions earned from that client in the 36 months prior.
Per Agent or Referral Partner Violated: Greater of $25,000 or 100% of revenue from that individual in the preceding 36 months.
Termination of Residual Compensation: All residual commissions or trail income forfeited upon confirmed violation.
Extended Restriction Period: Breach extends the restriction period an additional 12 months.
Injunctive Relief and Attorney Fees: RMJ Companies may seek immediate relief and recover legal costs.
Reasonableness: Parties agree that penalties are fair estimates, not punitive.

5. Compensation and Adjustments

Compensation is based on commission grids or written terms from RMJ Companies.
Grids may change company-wide with 30 days’ written notice. Individual changes must be mutually agreed in writing.

6. Termination

Either party may terminate with 30 days’ written notice.

Contractor retains vested compensation per written terms, subject to clawback policies.
Debts to RMJ Companies become immediately due.

6.1 Transition Protocol Upon Termination

Prompt Notification: Contractor must notify clients and downline agents of transition.
System Access: No data deletion, removal, or alteration from RMJ systems.
Client Notes: CRM must be updated with complete notes and files.
Business Handoff: Coordinate pending items with RMJ designee if requested.
Professional Conduct: Maintain professionalism, no disparagement.
Technology Turn-In: Return or destroy all company-issued materials and IP.

7. Confidentiality and Non-Disclosure

Contractor shall not disclose or misuse any proprietary, financial, or client data from RMJ Companies. This obligation survives termination.

8. Dispute Resolution & Governing Law

Disputes shall be resolved by binding arbitration in Nashville, TN under AAA rules. RMJ Companies may also seek injunctive relief in court for non-solicitation or confidentiality violations. This Agreement is governed by Tennessee law.

9. Miscellaneous

Entire Agreement: This is the full understanding between parties.
Assignment: Contractor may not assign this Agreement without written consent.
Modifications: Only valid in writing and signed by both parties.
Ownership Disputes: Resolved based on CRM and origination documentation. Final decisions made by designated committee or third-party reviewer.

Agent Name:

Agent Address:

Agent Phone:

Leave this empty:

Your legal name

Your email address